Visa Reports Rise in Quarterly Profit -- 2nd Update

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Robin Sidel And Josh Beckerman Visa Inc. reported quarterly earnings that topped Wall Street expectations as the company posted growth in payment volume and announced a four-for-one stock split. The increase, which sent shares up in after-hours trading, came ...

Japan Shares Lead Asia Mostly Higher

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

Stocks in Japan led Asia mostly higher Friday with electronics maker Toshiba Corp.'s shares rising on its sharp earnings growth. The Nikkei Stock Average was up 0.9%, and the S&P; ASX 200 was up 0.7%, each tracking gains in the ...

Shake Shack Prices IPO Above Expectations

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Corrie Driebusch Thanks to hearty investor appetite, Shake Shack Inc.'s initial public offering priced well above expectations, netting the burger chain a valuation of $745.5 million. The restaurant chain, which calls itself a "modern day roadside burger stand," priced ...

Principal Financial Tops Earnings Estimates, Boosts Dividend

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Josh Beckerman Principal Financial Group Inc. said fourth-quarter operating earnings rose 13% as it posted increases in revenue and assets under management. The provider of insurance and retirement plans also increased its quarterly dividend to 36 cents, from 34 ...

Plunging Oil Continues to Weigh on Japan Inflation

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

TOKYO--Japan's inflation rate decelerated in December to its lowest level in a year and half, weighed down by plunging global oil prices, data released Friday showed. But on a more positive note, the country's jobless rate sank to its lowest ...

German Retail Sales Edged Up in Dec, Grew Solidly on Year

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Emese Bartha FRANKFURT--German retail sales rose less than expected in December, but the annual figures suggest that consumption continued to act as a pillar to economic growth in the final quarter of last year. Retail sales in December rose ...

China 2014 Fiscal Revenue Growth Slows

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

BEIJING--China's fiscal-revenue growth slowed to its lowest pace in more than two decades last year amid sluggish economic growth, official data showed Friday. Fiscal revenue was 14.035 trillion yuan ($2.2 trillion) in 2014--up 8.6% from a year earlier, the Ministry ...

Senate Committee Passes New Iran Sanctions Bill

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

WASHINGTON--The Senate Banking Committee easily approved a new bipartisan sanctions bill Thursday on Iran, raising the likelihood that new financial penalties on Iran will be passed into law before a final June diplomatic deadline for an agreement on Tehran's nuclear ...

Justice Department Drops Insider-Trading Charges

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Christopher M. Matthews New York federal prosecutors dropped charges against five men they previously accused of insider trading Thursday, the latest casualty of an appeals court ruling last month that upended the government's ability to bring such charges. Prosecutors ...

A Battle Brews Over Bids For Broker

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

(FROM THE WALL STREET JOURNAL 1/30/15) By Liz Hoffman, Katy Burne and Telis Demos A takeover fight between hard-charging rivals over a broker to Wall Street's biggest banks is coming to a head, a showdown that has split the firm's ...

Dollar Lower Against Yen on Profit Taking, Selling by Exporters

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Hiroyuki Kachi The dollar was lower against the yen in Asian trade Friday, pulled down by profit taking and selling by corporate investors related to end-of-the month commercial trade settlement. Around 0450 GMT, the dollar was down to Y117.97 ...

Japan December Industrial Output +1.0% on Month

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

TOKYO--Japanese industrial production rose 1.0% in December from the previous month, government data showed Friday, indicating that the economy may be recovering slowly from a slump triggered by a sales tax increase in April last year. The gain was slightly ...

Singapore 4Q Unemployment Rate 1.9%, Unchanged on Quarter

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore's overall unemployment rate was 1.9% at the end of the fourth quarter of 2014, unchanged from the previous three months, government data released Friday showed. The unemployment rate in the fourth quarter for residents fell to ...

Taiwan's Fourth-Quarter Growth Slows

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Fanny Liu TAIPEI--Taiwan's economy expanded more slowly in the fourth quarter, as falling oil prices hurt petrochemical exports, though demand for electronics remained strong. Taiwan's gross domestic product rose 3.17% from a year earlier in the final quarter of ...

Currency Tumult Stokes Big Bets--Update

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Gregory Zuckerman, Laurence Fletcher and Chiara Albanese A surging dollar is pummeling currencies around the globe amid efforts to boost economic growth, prompting a wave of investor bets to profit from the upheaval. Many global central banks are weakening ...

Senate Committee Passes New Iran Sanctions Legislation

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Felicia Schwartz and Michael R. Crittenden WASHINGTON--The Senate Banking Committee easily approved a new bipartisan sanctions bill Thursday on Iran, raising the likelihood that new financial penalties on Iran will be passed into law before a final June diplomatic ...

Singapore December Bank Loans S$607.96 Billion Vs S$608.17 Billion in November

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Gaurav Raghuvanshi SINGAPORE--The Monetary Authority of Singapore Friday released the following provisional bank lending data for December 2014: December Year Earlier November Total S$607.96 Bln S$527.27 Bln S$608.17 Bln Housing/Bridge S$177.43 Bln S$166.54 Bln S$176.24 Bln Professionals & Private ...

German Retail Sales Rise Misses Hope

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

FRANKFURT--German retail sales rose less than expected in December, but the annual figures suggest that consumption continued to act as a pillar to economic growth in the final quarter of last year. Retail sales in December rose 0.2% in calendar- ...

Fed Sticks to 'Patient' Tack on Rate Increases--3rd Update

TODAY: Jan. 30, 2015 PUB DATE: Jan. 29, 2015

By Jon Hilsenrath The Federal Reserve signaled it would keep short-term interest rates near zero at least until midyear, while also setting the stage for tough decisions in the coming weeks about whether it should wait even longer. Economic activity ...